Cash Plus converting from investment club - Asks lenders to roll over funds for 3 months
Faced with jittery investors, Carlos Hill's controversial Cash Plus Group says it will transform itself from mainly a financial operation to a multifaceted conglomerate.
$2.5b take-up - Market snaps up JMMB preference shares
Jamaica Money Market Brokers (JMMB) has raised $2.524 billion from its dual preference-share offers this month, more than six times its initial target.
Jamaican companies carving out market from prepared foods -
But $10b sector still import-dominated
In 2003, Claudette Tent had a bright, if not so novel, idea. Why not, she thought, vacuum-pack and freeze traditional Jamaican dishes for consumers, who are increasingly on the go, have less time for domestic chores, and demand easy-to-prepare, pre-cooked meals?
Housing starts lag demand, sellers dominate real estate market
Coming out of a vibrant 2006, the real estate market remained buoyant over the past year, but with demand for both residential and commercial property outstripping supply, it was the sellers who continued to exert the greater influence over price.
Bigger appetite for risk feeds mutual funds market
The first foreign-based mutual funds were registered in Jamaica between 2002 and 2003. However, mutual funds, which are pooled investments in particular assets such as bonds, derivatives or commodities, were being offered in Jamaica even before that.
Pensions sector still in reform mode
The challenges of regulatory compliance with the pension laws dominated the sector in 2007. The Financial Services Com-mission (FSC) and the Taxpayer Audit and Assessment Department are keeping stakeholders engaged to...
Alternative financial arrangements in 2007
It has been a year of quite interesting developments in our financial sector. The dust kicked up has not yet settled, but there are still some interesting developments to reach final resolution in 2008.
Carib foreign policy: the importance of leverage
A short while ago, I was asked to participate in an informal discussion on the ways in which the foreign-trade policy of one Caribbean nation might be adapted to meet changing global circumstances.The perspective was the next 20 years.It was a...
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